Skip to main contentSkip to navigation
1 / 48

Land with Home for Sale in Penrose, Colorado

18530 Highway 115, Penrose, CO 81240

$1,300,000
108 acres
Active sale
$75k drop
Est $6,930/mo

Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities-whether you're looking for a working ranch, private retreat, or multi-use estate. The main level of the home boasts classic adobe character with beautiful wood beams, LVP & tile flooring of spacious living. A large family room, separate living room, dining room, laundry room, and a kitchen with a walk-in pantry create a functional and inviting layout. The master suite features a generous walk-through closet. New flooring enhances the living space. Upstairs, a third bedroom and full bathroom with its own outdoor entrance provides great flexibility-ideal for guests, rental, multi generational living or can be used as a craft room. The home is largely self-sufficient with 72 solar panels. Sweeping mountain views and a seasonal creek attract abundant wildlife, creating a peaceful, scenic backdrop. For equestrian enthusiasts, this ranch is truly horse-ready. It features a 300' x 155' riding arena, a 50' x 115' barn with 9 stalls, tack room & hay storage. A loafing shed & 4 corrals with shipping chute. Approximately 30 acres of irrigated hay field provide agricultural potential, with hay freshly baled in August. The property comes with 31 shares of irrigated water rights. Additional income is generated by a discreet internet tower leased to SECOM, located out of sight on a near by bluff. There is also a shooting range at the back of the property. With its private setting & wide-open spaces and located just north of downtown Penrose, close to Canon City, Pueblo & Colorado Springs, this unique property is a rare gem!

2,915
Sq feet
3
Beds
3
Full baths
1985
Built

Location

Street address
18530 Highway 115
Zip code
81240
School district
Florence/Fremont RE-2
Elevation
5,437 feet
Coordinates
38.4652, -104.9916

Property details

Acreage
108 acres
MLS #
PPAR 8958188
Posted

Property taxes

2024
$3,459

Parcels

  • 3825220000006

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Home Smart International

Lot

Features
Level, Meadow, Stream/Creek, View of Rock Formations

Exterior

Parking Spaces
2
Structures
Workshop

Structure

Heating
Baseboard, Electric

Interior

Rooms
Bathroom x 3, Bedroom x 3, Dining Room, Family Room
Fireplaces
Yes

Listing history

DateEventPriceChangeSource
July 29, 2026Back on market$1,300,000PPAR
July 22, 2026Under contract$1,325,000RGAR
Dec 31, 2025Price drop$1,300,000$75,000 -5.5%RGAR
Dec 1, 2025New listing$1,375,000RGAR
Subscribe to listing updates

Payment calculator

This 108-acre property is located at 18530 Highway 115 in Penrose, CO 81240. The property is available for sale, priced at $1,300,000. It has a 2,915 square foot 3-bedroom, 3-bath house built in 1985.

Listed by HomeSmart, (303) 858-8100

Checked 2 hours agoUpdated Source

Report listing issue

Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact